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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Oncimmune Holdings plc (LON:ONC), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Oncimmune Holdings
The Last 12 Months Of Insider Transactions At Oncimmune Holdings
In the last twelve months, the biggest single purchase by an insider was when Independent Non-Executive Director John Goold bought UK£50k worth of shares at a price of UK£0.15 per share. That means that an insider was happy to buy shares at around the current price of UK£0.15. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Oncimmune Holdings insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Oncimmune Holdings Insiders Bought Stock Recently
Over the last quarter, Oncimmune Holdings insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought UK£75k worth of shares. This is a positive in our book as it implies some confidence.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Oncimmune Holdings insiders own about UK£1.7m worth of shares (which is 15% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Oncimmune Holdings Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Oncimmune Holdings insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Oncimmune Holdings. Our analysis shows 5 warning signs for Oncimmune Holdings (2 shouldn't be ignored!) and we strongly recommend you look at them before investing.